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Cannabis Movers & Shakers: FarmaceuticalRX, Terranueva, U S Cannabis Council

Vertically integrated medical marijuana company FarmaceuticalRX has tapped Jeffrey Skirvin to serve as its new chief operating officer. Skirvin, a seasoned food and beverage industry expert with over two decades of operational leadership experience, previously served as executive vice president of operations at Chelten House Products. He also worked at Advanced Refreshment/Niagara Bottling, Nestle Confections and Snacks, and Nestle Waters North America. “Jeff brings expertise optimizing and scaling operations, developing green facilities, producing high-quality organic products, and building and mentoring successful teams,” FarmaceuticalRX CEO and Founder Rebecca Myers said Tuesday. Terranueva Announces A Series Of Management Changes Terranueva Corporation (CSE:TEQ) welcomed to its ranks Jean-Luc Landry, an economic expert and the lead director at Garda World Security Corporation.

Nestle sells Poland Spring to private equity firm

Nestle sells Poland Spring to private equity firm
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Nestle sells Poland Spring to private equity firm

FRYEBURG, Maine — The sale of Poland Spring Brand Natural Spring Water, which gets water from springs around Fryeburg, to One Rock Capital Partners LLC and Metropoulos & Co. was announced March 31 as part of the private equity firms previously announced acquisition of Nestle Waters North America, including Poland Spring, from Nestle S.A. According to Vending Times, Dean Metropoulos, an industry veteran with 40 years of experience operating and investing in food and beverage brands, has been appointed chairman and interim CEO of Nestle Waters North America. Metropoulus & Co describes itself as a family-owned investment firm and is based in Greenwich, Conn.

Nestle sale completed

CADILLAC — Nestle Waters North America, the controversial water-bottling company, is under new ownership. One Rock Capital Partners, LLC and Metropoulos and Co. announced on March 31 that the partnership had completed purchasing Nestle Waters North America. The companies had announced the arrangement in February; Nestle had announced in summer 2020 that the company intended to divest of its regional water brands, which include the Ice Mountain brand with facilities in Osceola and Mecosta counties. Nestle had no comment beyond a press release from One Rock and Metropoulos and Co. that announced the deal’s completion. But Michigan Citizens for Water Conservation, the organization that’s been disputing Nestle’s attempts to increase water withdrawal in Osceola County, did have something to say.

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